TY  - JOUR
T1  - Financial innovation in digital payment with wechat towards electronic business success
A1  - Tang, Yuk Ming
A1  - Chau, Ka Yin
A1  - Hong, Luchen
A1  - Ip, Yun Kit
A1  - Yan, Wan
Y1  - 2021///
KW  - China
KW  - Digital payment
KW  - Electronic business
KW  - Financial innovation
KW  - Mobile payment
KW  - Regression modelling
KW  - WeChat
KW  - and age
KW  - compatibility
KW  - perceived ease of use
KW  - perceived risk
KW  - perceived security
KW  - service quality
KW  - social influence
JF  - Journal of Theoretical and Applied Electronic Commerce Research
VL  - 16
IS  - 5
SP  - 1844
EP  - 1861
DO  - 10.3390/jtaer16050103
L1  - file:///E:/jurnal/2023/j of economics and business/paper/Ming 2021 Financial_Innovation_in_Digita.pdf
N2  - Financial innovation and advances in payment systems are important not only to boost remittances but also to foster the successful development of electronic businesses around the world. As such, many leading companies in electronic commerce are putting a great deal of effort into the development of their payment system to attract more users and compete with other leading companies in the market. WeChat is a social communication tool that introduced a payment function widely adopted as a third-party payment in China nowadays. The purpose of this study was to adopt WeChat as a case study to identify the influential factors that impact consumers’ intention to adopt it as digital payment. We identified several core influential factors including service quality, perceived risk, perceived security, perceived ease of use, social influence, compatibility, and age. Qualitative and quantitative analyses were performed to investigate how influential factors affect the adoption of this third-party digital payment platform. The results revealed that all identified factors have a significant influence on consumer’s intention to use digital payment, except age. This study also provided useful advice for digital payment improvement and recommendations to enhance digital payment for the success of electronic business operations. The paper provides new insight into the factors influencing consumers’ intention to use mobile digital payment.
ER  -